Doosan rides on KDB guarantee for $300m

UK housing construction from Adobe 9Apr20 575x375
By Morgan Davis
15 Jul 2020

South Korea’s Doosan Infracore Co used a guarantee from Korea Development Bank to sell a $300m three year bond on Tuesday.

The guarantor is rated Aa1/AA/AA-, which allowed the new senior notes to be rated Aa2 by Moody’s Investors Service as well. Doosan, a heavy industry company, has used KDB guarantees for its bonds in the past. Last November, the borrower sold a similar $300m three year transaction ...

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